Skip to main content

BitConnect - Update

Earlier this month I talked about BitConnect.co and BitFinance.biz, two places that provided HYIP investment opportunities.  These are very high risk, but very high return "investment" plans (to use the term loosely).

Shortly after writing that I put $10k into BitConnect and after less than a month I have already pulled out about $3600 in interest payments.  I chose BitConnect because it paid twice the daily rate that BitFinance paid.  I would have preferred to use BitFinance, and if I were looking to be more conservative I would have, but I couldn't pass up the 1%+ per day rate offered by BitConnect. 

To me BitFinance would be preferable because BitConnect was already a couple years old and these HYIP programs tend to run their course in a few years or less.  That being said, one thing that sets BitConnect apart from all other HYIP's I've seen is they have a BitConnect Alt coin (BCC) to go along with their program and that coin has been performing very well.  I think the company as a whole is incentivized to stay operating partly because of the good performance of their coin.

As I mentioned, as of today (9/27/17) I have pulled out a little more than $3600 in interest payments on the $10k I invested.  So about 35% back in about 3 weeks.  My first goal is to get $10k in interest payments out so if I should lose my original investment at least I was break even.  At this rate I should be able to do that after about 2 months total.

What is most interesting to me is after launching in early September, BitFinance has now doubled their interest rate to 1% per day from their original 0.5% per day.  Now their rates are very close to BitConnect and the time commitment to BitFinance is slightly less than that of BitConnect.  Comparing apples to apples, BitConnect requires a 120 day commitment whereas BitFinance requires 90 days.

BitFinance also offers "no commitment" deposits.  They'll pay a lower interest rate, but it compounds daily and they allow deposits from as small as $100 to as big as $100k.  BitConnect has a $10 minimum investment, but a much longer commitment time at that investment level.  All of the choices are clearly defined on both sites home pages.

Therefore I'm considering putting my next money into BitFinance instead of BitConnect.  If I do I'll post as update as time progresses.  As I mentioned before, if you choose to invest in either program, please use my reference link below so I get credit for you joining the program:

BitConnect:  https://bitconnect.co/?ref=grunderwear

BitFinance:  https://bitfinance.biz/?ref=whalecoin

Comments

  1. Aslay SinOctober 18, 2017 at 7:58 AM

    BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities bitconnect coin

    ReplyDelete

Post a Comment

Popular posts from this blog

Dride Zero - Dashcam on Steroids

I took part in a Kickstarter project to build "The ultimate Dashcam".  One with front and back cameras that would shoot in HD, was durable and low power, and would upload video clips to the cloud with the push of a button.  We'll after waiting more than a year, they did just that.  I received my Dride Zero a couple of days ago and, other than an initial rocky "Setup" process, it has been working fantastic. This post isn't so much to talk about the Dride, you can get that information from them at https://dride.io.   This is more for those people who might run into the same issues with Setup that I had.  Hopefully this will save them some of the time I wasted trying to figure it out. Dride Zero Getting Started 1) Unpack from the shipping box.   To get started all you need at first is the Dride Camera, the powercord that has the cigarette lighter connector, and a 16Gb type 10 Micro SD card. 2) Insert the 16Gb Micro SD card in the slot...
Post a Comment
Read more

Troubleshooting a Discourse Update on DigitalOcean: Resolving Unresolvable Errors

For the past three years, I've maintained a Discourse server on a DigitalOcean Droplet. Recently, I decided to update it with some of the latest Discourse features. What I anticipated to be a straightforward update process turned into several days of frustrating setbacks. The version of Discourse I was running was already three years old, so I assumed that running the built-in "Update" feature would suffice. However, after clicking the update button, the progress bar sluggishly crawled forward over the next half hour, only to display the dreaded message: "Error – Update Failed." The logs provided little to no help, but based on my experience with other software updates via GIT, I suspected that the failure might be due to the repository head still being called "Master." In recent years, there has been a shift away from using "Master" as the repository head, with "Main" becoming the preferred term. Despite trying several methods ...
Post a Comment
Read more

Ethereum Merge - So What?

Artwork by Steven Grundy The long awaited Ethereum "Merge" is finally upon us.  I've heard people say "So what".   So what?  I think they don't understand the implications of the merge.  Either that or they really are betting against Ethereum. I think this upgrade is probably the biggest thing for Ethereum since smart contracts first came out.  This change has the possibility of upsetting the apple cart in terms of Ethereum and BTC.  That's a big claim, but I really think it's possible. The Ethereum Merge has been set for the week of September 19th, 2022.  The merge is when the Ethereum execution layer will be joined with the new proof of stake consensus layer.  What does that mean and why should I care? What it means is that Ethereum will be changing from an energy intensive Crypto coin like all others to a 99% more efficient crypto coin like only a few have done.  Right now Ethereum is mined just like BTC and a host of other Crypto cur...
Post a Comment
Read more